The Latin America, Middle East and Africa Automotive Flywheel Market would witness market growth of 5.8% CAGR during the forecast period (2023-2030).
The market is growing due to the increasing use of partially automatic shifting systems like dual-clutch and automated manual gearboxes. As a result, the flywheel material underwent more research and development, substantially improving the engine's efficiency in recent years. In the current scenario, automobile dual-mass flywheels are essential for several reasons, including decreasing vibration, reducing noise within the vehicle powertrain, resolving issues with engine knocking, and improving the general smoothness of the shift. As a result, the market is now seeing an increase in both experimental and theoretical activities, aiming to learn more about the dual mass automotive flywheel’s torsional performance.
The market for automobile flywheels has considerable potential due to improvements in kinetic energy recovery systems. A flywheel-based kinetic energy recovery system uses variable transmission to continually transfer energy from the wheels to the flywheels. A flywheel-based kinetic energy recovery system tries to mechanically store kinetic energy from the rear driveshaft and transfer it to another source. Among the big manufacturers of flywheel equipment for their automobile goods are GKN plc and Volvo. Furthermore, it is anticipated that the market will expand in tandem with the increased sales of EVs.
The UAE's commercial vehicle industry will continue to grow due to the massive infrastructural and planned housing projects. In contrast to heavy retail vehicle sales, which will continue to be bolstered by substantial infrastructure and other development projects, light commercial vehicle sales should continue to soar due to more excellent businesses and investments linked to growing migration from nearby nations. Additionally, the demand for buses and minibuses will continue to rise favourably to meet the needs of the UAE's expanding tourism and hospitality industries and the increasing need for use by building workers. The market is anticipated to develop due to the automotive flywheel's importance as a component of automobiles and the rising demand for them.
The Brazil market dominated the LAMEA Automotive Flywheel Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $176.5 Million by 2030. The Argentina market is experiencing a CAGR of 6.3% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 5.4% during (2023 - 2030).
Based on Type, the market is segmented into Single Mass and Dual Mass. Based on Transmission Type, the market is segmented into Manual Transmission, Semi-Automatic & Automatic Transmission and Continuously Variable Transmission. Based on Distribution Channel, the market is segmented into OEM and Aftermarket. Based on Vehicle Type, the market is segmented into Passenger Vehicle and Commercial Vehicle. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide Automotive Flywheel Market is Projected to reach USD 9.5 Billion by 2030, at a CAGR of 3.7%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Ford Motor Company, Schaeffler AG, Valeo SA, ZF Friedrichshafen AG, Aisin Corporation (Toyota Motor Corporation), EXEDY Globalparts Corporation (EXEDY Corporation), AMS Automotive LLC, Pioneer Automotive Industries LLC (Lodi Group), Skyway Precision, Inc. and SPEC Clutch, Inc.
By Type
By Transmission Type
By Distribution Channel
By Vehicle Type
By Country
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